IDEXX Labs (IDXX) Misses Q2 EPS by 9c

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Go back to IDEXX Labs (IDXX) Misses Q2 EPS by 9c

IDEXX Laboratories Announces Second Quarter Results

August 2, 2022 6:30 AM EDT

Achieves second quarter revenue growth of 4% reported and 6.5% organic, driven by CAG Diagnostics recurring revenue growth of 4% reported and 7% organic, building on high prior year growthSolid demand for diagnostic services and strong IDEXX execution support record second quarter premium instrument placements, driving 15% growth in global premium installed baseDelivers EPS of $1.56, representing declines of 33% as reported and 30% on a comparable basis, including $0.72 per share impact from discrete R&D investmentsAdjusts 2022 revenue guidance to 3% - 5.5% growth as reported and 5.5% - 8% organic. At midpoint, updated outlook reflects expectations for... More